Carbon Credit - An Indian Perspective

Udyog Pragati, Vol. 32, No. 4, October-December 2008

10 Pages Posted: 3 Sep 2012

See all articles by Neeraj Singhal

Neeraj Singhal

Management Development Institute Murshidabad; Management Development Institute

Himani Gupta

Indian Institute of Foreign Trade

Rupesh Goel

University of South Australia

Date Written: September 3, 2012

Abstract

You’ve got to pace your way through some climate science and a little bit of market economics to understand why India’s entrepreneurs have made such huge investment in plain and simple hot air. Carbon dioxide is today a tradable commodity because some developing countries such as India and China put their foot down and told the developed rich countries that they were squarely to blame for much of the global warming. Europe has a robust carbon exchange today. China, India and Brazil are fighting for a share in the pie to become the biggest sellers of CERs. Indian organization has already committed investment to generate more than 379 million CERs. Worldwide investments have been made that will generate 1.9 billion CERs by 2012. These investments would reduce greenhouse gas emission by 1.9 billion tones. In India there are 591 projects worth rupees 50,000 crore under way.

Keywords: carbon credits, carbon emission, global warming

Suggested Citation

Singhal, Neeraj and Singhal, Neeraj and Gupta, Himani and Goel, Rupesh, Carbon Credit - An Indian Perspective (September 3, 2012). Udyog Pragati, Vol. 32, No. 4, October-December 2008, Available at SSRN: https://ssrn.com/abstract=2140699

Neeraj Singhal (Contact Author)

Management Development Institute Murshidabad ( email )

MDI Murshidabad, Kulori, P.O Uttar Ramna, Raghunat
Jangipur, 742235
India

Management Development Institute ( email )

MDI Murshidabad, Kulori, P.O Uttar Ramna, Raghunat
Jangipur, 742235
India

Himani Gupta

Indian Institute of Foreign Trade ( email )

New Delhi
QUTUB INSTITUTIONAL AREA
NEW DELHI, 110016
India

Rupesh Goel

University of South Australia ( email )

37-44 North Terrace, City West Campus
Adelaide, South Australia 5001
Australia

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